Risk Officer

gpac; Minneapolis (MN); On-site; USD 95,000 - 135,000; Full time

Job summary

gpac seeks a Senior Credit Risk Manager to oversee the bank's loan portfolio, manage credit risk analytics, and present findings to senior management. You will develop reporting, perform ALLL analyses, stress tests, monitor trends, and optimize risk-return.

The role requires leadership of a team of credit analysts and collaboration with lending and regulatory teams. The position emphasizes deep financial analysis, regulatory awareness, and strategic risk management in a banking environment.

Qualifications

• Bachelor's degree in Business Accounting or Finance; MBA and/or CPA preferred.
• 5+ years of experience in credit risk portfolio management, credit administration, loan review, regulatory/examination, and/or credit analysis.
• Strong data analysis experience within the financial services industry.
• Excellent verbal and written communications skills to prepare and present reports to bank personnel and regulators.
• Ability to assess risk, deal with ambiguity, and apply prudent lending practices.
• Experience with risk reporting, regulatory exams, and audit responses.
• Ability to lead a team of analysts and coach staff.

Responsibilities

• Monitor and manage credit risk for the loan portfolio and advise senior management on trends.
• Develop, execute, and manage reporting and analytical needs for Portfolio Credit Risk Management.
• Perform ALLL analyses, stress testing, concentration analyses, and economic updates.
• Apply sensitivity analysis and stress testing to identify potential credit deterioration.
• Review risk and reward strategies and provide recommendations to optimize risk-return.
• Challenge business units' credit risk and portfolio strategies and advise on new products with credit risk.
• Identify systemic problems in the credit life cycle and changing market conditions.
• Review risk assessments and annual loan reviews using financial/cash flow analysis.
• Evaluate lending activities for compliance with policies and risk grading.
• Review and classify loans and watch list adjustments.
• Discuss deficiencies with loan officers and managers.
• Prepare risk presentations for senior management and ensure data integrity of reports.
• Lead analytics and visualization for portfolio risk surveillance.
• Develop automation solutions in risk and analytics functions.
• Track policy exceptions and provide feedback for policy enhancements.
• Develop and coach a team of credit analysts.
• Assist Lending Managers and the CCO with reports and respond to auditors.
• Develop internal loan review procedures and manage scope.
• Serve as point person for external loan review, audits, regulatory exams.

Skills

Data analysis

Analytical thinking

Communication

Problem-solving

Ambiguity tolerance

Leadership

Education

Bachelor's degree in Business Accounting or Finance

MBA or CPA preferred

Job description

Job Responsibilities

• Monitor and manage credit risk for the bank's loan portfolio and promptly advise senior management of any changes in the trends (rating migration, delinquency, collateral, concentration, disruptors, KRIs, originations)
• Responsible for the development, execution, and management of reporting and analytical needs for Portfolio Credit Risk Management.
• Prepare and assist in various analyses including the quarterly Allowance for Loan and Lease Losses ("ALLL") analysis, Portfolio stress testing, Concentration management analysis, industry and market trends outlooks, and other information including economic updates, emerging risks, and changes to the overall portfolio.
• Apply sensitivity analysis, stress testing, market trend, and other analytical methodologies to anticipate credit trends or deterioration and obtain insights into portfolio performance and market opportunities in an attempt to identify and mitigate potential credit exposure to the portfolio
• Review credit risk and reward strategy changes of selected portfolios and provide management recommendations to optimize risk-return characteristics, including risk-based pricing.
• Review and challenge business units' credit risk and portfolio strategies and provide feedback on new (or significant enhancement to) products or services that have credit risk.
• Identify potential systemic problems in the life cycle of credit from origination, underwriting, documentation, and problem loans, including identifying changing market conditions.
• Review risk assessments and annual loan reviews- evaluating the financial position of borrowers considering prudent lending practices through financial/cash flow analysis and applying credit/regulation.
• Evaluate the activities of lending personnel, ensuring such activities are compliant with lending policies and the quality of their loan approval, monitoring, and risk grading assessment.
• Evaluate the credit risk of the loan portfolio by reviewing all lending departments and products through new production sampling, seasoned loans, and marginal and criticized loan reviews within the portfolios.
• Recommend appropriate loan risk grade or adversely classify loans, especially those with well-defined credit weaknesses that jeopardize the repayment.
• Review the Bank's Watch List monthly and ensure risk ratings are appropriate and changes made through the Bank's auto-rater function are necessary.
• Discuss all noted deficiencies and identified weaknesses, and any existing or planned corrective actions, including time frames for correction, with appropriate loan officers and managers.
• Manage risk presentations for senior management that include portfolio activities, analytics of risk, performance, emerging trends, and opportunities. Ensure the quality and data integrity of the monthly and quarterly reports sent to Senior Management, Committees, and the Board.
• Lead the development of analytics and advanced visualization to assist with portfolio credit risk surveillance. Typical functions are loss forecasting, loan mix management, risk appetite management, collections strategy, watch list oversight and reporting related to KPI/KRI's that affect portfolio surveillance.
• Develop creative automation solutions within all aspects of the risk and analytics function. Explore the use of new data sources within the organization's decision-making function.
• Track policy exceptions that will provide meaningful feedback to understand credit portfolio risk, and future potential credit problems, and provide feedback for Lending Policy and Underwriting enhancements.
• Develop and coaches a team of credit analysts to ensure all activities and projects are effective and efficient, provide a risk-based focus and support the bank's overall strategic objectives - Provide ongoing training, support, and feedback loop to credit analyst and lending personnel.
• Assists Lending Managers and the CCO with the creation, submission, and maintenance of periodic lending activity and portfolio condition reports; respond to requests from external/internal auditors, external loan review vendors, and regulatory agencies regarding the loan portfolio.
• Develop internal loan review procedures to evaluate credit administration and residual credit risk, as well as manage the scope of the loan review program.
• Serve as the point person for external loan review, audit, and regulatory exams.

Qualifications

• Bachelor's degree in Business Accounting or Finance; MBA and/or CPA preferred.
• Minimum of 5+ years of experience in credit risk portfolio management, credit administration, loan review, regulatory/examination, and/or credit analysis.
• Strong data analysis experience within the financial services industry
• Superb analytical and critical thinking skills - Intellectual curiously
• In-depth knowledge of portfolio management practices; credit administration; loan underwriting standards.
• Problem-solving; analytical; written and oral communication; organized; ability to understand and convey concepts; ability to deal with ambiguity; computer proficiency.
• Excellent oral and written communications skills to prepare and present persuasive oral and written reports effectively to bank personnel of all levels, including internal and external auditors and regulatory examiners.
• Extensive periods of sitting and keyboard/computer work
• Communicates with individuals in person and over the phone
• Intermittent periods of standing and walking

This opportunity includes an excellent compensation and benefits package. This bank prides itself on retaining employees and has one of the best tenure backgrounds in the area.

All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations.